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Economic growthThe Government strives to achieve between seven to 10 per cent of sustained economic growth as stipulated by the Budget Policy Statement and Vision 2030.
National Treasury Cabinet Secretary Mr. Henry Rotich said investments in both public and private sectors of the economy will be scaled up in order to achieve the desired economic growth rate.


“However, the country’s broad economic policies and development agenda will remain as outlined in the 2015 Budget Policy Statement (BPS), under a five pillar transformation programme covering improved business environment, agriculture, transport, healthcare services, education, social safety net and successful implementation of devolution”, said Mr. Rotich.
The Cabinet Secretary was speaking today at Kenyatta International Convention Centre (KICC) Nairobi while delivering a key note address during the launch of the 2016/17 Budget Sector Working Groups.
The launch of the 2016/17 Budget Sector Working groups, Mr. Rotich said, marked the start of the budgetary preparation cycle in accordance with Section 36 of the Public Finance Management Act (PFMA), 2012.
The budget making process, he also said, will culminate in the estimates of revenue and expenditure to be submitted to Parliament by April 30, 2016, and its subsequent approval by end of June 2016.
He urged Ministries, Departments and Agencies (MDAs) to improve on financial management in a bid to achieve their planned targets and outputs.
Mr. Rotich underscored the importance of public participation, saying that all stakeholders should be involved in the budget making process in a bid to achieve wider support of government programmes, win acceptance and legitimacy of policy plans.
“Public participation which is a constitutional requirement enhances ownership and enables citizens to understand better the need for certain projects and programmes, and therefore, be more willing to accept compromises”, he said.
He said his Ministry and that of Devolution and Planning will together coordinate the budget making process to ensure that the sector budget proposals for the forthcoming medium-term expenditure framework were comprehensive and realistic.    
Mr. Rotich called on his Cabinet Secretaries colleagues, Principal Secretaries, Sector Conveners, Sector Co-Conveners and other government officers to submit to the National Treasury high quality and accurate budget proposals within the stipulated legal and constitutional timeliness in a bid to make the budget making exercise a success.   
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